UWM Appoints Andrew Hubacker Chief Financial Officer
07 February 2023 - 4:00AM
Business Wire
United Wholesale Mortgage (UWM), the #1 overall lender in
America, has named Andrew Hubacker its new Chief Financial
Officer.
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UWM's Chief Financial Officer, Andrew
Hubacker (Photo: Business Wire)
Hubacker will assume the position immediately and will oversee
all financial aspects of the company including accounting, internal
and external reporting, financial compliance, tax, treasury and
liquidity management, and budgeting and forecasting. Hubacker
originally joined the company in October of 2020 as Chief
Accounting Officer and took on the role of Interim Principal
Financial Officer in July of 2022.
“Andrew has made such a positive impact at UWM since the day he
started,” said Mat Ishbia, president and CEO of UWM. “His nearly
three decades of experience and deep knowledge allowed him to
expand our finance team’s capabilities and made him a key player in
helping UWM go public back in 2021. He has been acting as the CFO
since the passing of Tim Forrester, and has done a phenomenal job
in all aspects. I know he’s capable of taking on this role and has
been doing it at a high level already.”
Hubacker was originally recruited by the late Timothy Forrester,
UWM’s previous CFO, to help take the company public via the largest
SPAC in history at the time. Hubacker’s extensive background and
expertise made him the perfect candidate for the role. In a
condensed amount of time he helped implement new finance processes
and programs to transition the company from private to
publicly-held, shares of which trade on the New York Stock Exchange
(NYSE).
More recently, Hubacker played a key role in helping UWM achieve
its goal of becoming the number 1 overall lender in the nation by
helping lead various initiatives to enhance the company’s liquidity
and financial position. These initiatives have helped provide the
company with the necessary liquidity to support its strategic
objectives that ultimately helped UWM rise to the top.
“I’m humbled to be named UWM’s Chief Financial Officer,” said
Hubacker. “From helping to take the company public through the
largest SPAC in history, to becoming the #1 overall mortgage lender
in the nation, my experiences at UWM have been nothing short of
extraordinary. The positive mindset and service mentality every
single team member and leader have here is truly unmatched. I’m
eager to continue elevating and enhancing the role and capabilities
of our finance team as a strategic business partner to the
company.”
Prior to joining UWM, Hubacker spent 18 years at Deloitte &
Touche, LLP, including over 12 years as an audit partner. He also
spent time at AOL, LLC and the Securities and Exchange Commission
(SEC). He is a Certified Public Accountant in the state of Michigan
and graduated from Michigan State University with a bachelor’s
degree in accounting.
Hubacker resides in Bloomfield Township, Michigan with his wife
and three children.
About UWM Holdings Corporation and United Wholesale
Mortgage
Headquartered in Pontiac, Michigan, UWM Holding Corporation
(UWMC) is the publicly traded indirect parent of United Wholesale
Mortgage, LLC (“UWM”). UWM is the nation’s largest home mortgage
lender, despite exclusively originating mortgage loans through the
wholesale channel. UWM has been the largest wholesale mortgage
lender for 8 consecutive years and is also the largest purchase
lender in the nation. With a culture of continuous innovation of
technology and enhanced client experience, UWM leads the market by
building upon its proprietary and exclusively licensed technology
platforms, superior service and focused partnership with the
independent mortgage broker community. UWM originates primarily
conforming and government loans across all 50 states and the
District of Columbia. For more information, visit uwm.com or call
800-981-8898. NMLS #3038.
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version on businesswire.com: https://www.businesswire.com/news/home/20230206005258/en/
NICOLE ROBERTS, Senior PR Strategist (248) 833-4287
nroberts1@uwm.com uwm.com
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